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Posts Tagged ‘joseph sitt’

  • Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joseph Sitt, Town Residential’s top guns, have reached a settlement in their legal battle, bringing an end to an ugly — and public — bust-up between the two real estate executives. [more]

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  • From left: Joe Sitt and Andrew Heiberger

    From left: Joe Sitt and Andrew Heiberger

    MOST READ: Town Residential founder Andrew Heiberger has been awarded a temporary restraining order against the company’s partner, Thor Equities’ Joseph Sitt, preventing Sitt from continuing to shut Heiberger out of his office at the firm’s Irving Place headquarters. [more]

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  • From left: Joseph Sitt and Andrew Heiberger

    From left: Joseph Sitt and Andrew Heiberger

    Town Residential founder Andrew Heiberger filed an application for a restraining order and a preliminary injunction today against his investment partner at the firm, Joseph Sitt.

    The restraining order request, along with an accompanying injunction petition, is the latest development in the ugly battle between the two partners. Late last month Sitt terminated Heiberger’s contract as CEO. The two each own 50 percent of Town, which launched in 2010 and now has more than 600 brokers and 10 offices. [more]

    16 Comments
  • Andrew Heiberger and Joe Sitt

    Andrew Heiberger and Joe Sitt

    Battling Town Residential owners Joseph Sitt and Andrew Heiberger today sent a short statement to the staff of the company addressing their ongoing dispute.

    In the statement, the duo, which is involved in litigation over control of the fast-growing brokerage, does not offer any specific information as to the future of the company’s leadership but acknowledges the ongoing disagreement between the principles. [more]

    1 Comment
  • Heiberger steps away as CEO of Town

    January 30, 2014 08:00AM
    From left: Andrew Heiberger, Jeff Appel and Joe Sitt

    From left: Andrew Heiberger, Jeff Appel and Joe Sitt

    Town Residential founder Andrew Heiberger is no longer serving as chief executive officer of the city’s fastest-growing brokerage, The Real Deal has learned. [more]

    15 Comments
  • sitt

    519 Broadway and Joseph Sitt

    C&K Properties tapped Thor Retail Advisors — the retail leasing arm of developer Thor Equities — as the sole leasing agent for a six-story, mixed-use Soho building at 519 Broadway, a spokesperson told The Real Deal exclusively.

    The property near Mercer Street features 23,200 square feet of retail, in addition to the 102,390 square feet of residential space. Thor Retail Advisors, formerly known as Thor High Street Advisors, aims to help the landlord secure luxury retailers for the vacant space. [more]

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  • From left: Joseph Sitt, 425 West Broadway

    From left: Joseph Sitt, 452 West Broadway

    UPDATED, 3:25p.m., March 17:

    Joseph Sitt’s Thor Equities dished out $6 million for another Soho retail property: the former home of women’s apparel retailer Philosophy di Alberta Ferretti at 452 West Broadway between Prince and West Houston streets.

    The building features a glass facade spanning two stories. [more]

    1 Comment
  • From left:

    From left: Stanley Chera, the St. Regis Hotel, Jeff Sutton and Joseph Sitt

    From the January issue: If you trace the origins of the most aggressive retail deals in the last dozen years in Manhattan’s high-profile shopping districts, most lead back to Brooklyn. Click here for the full story and interactive maps of Manhattan retail properties owned by members of New York City’s Syrian Jewish community centered in Brooklyn.

    2 Comments
  • From left: Joseph Sitt, 680 Madison Avenue and Qela's Doha flagship store

    From left: Joseph Sitt, 680 Madison Avenue and Qela’s Doha flagship store

    Qatari apparel retailer Qela has inked a 6,230-square-foot lease at Thor Equities’ 680 Madison Avenue — the brand’s first outpost in the U.S. and Thor’s first deal in the retail property purchased last year. [more]

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  • From left: Jared Kushner, Luis D. Ortiz and Dolly Lenz

    From left: Jared Kushner, Luis D. Ortiz and Dolly Lenz

    year_in_reviewNew York real estate had a sizzling 2013, and The Real Deal was there every step of the way with breaking news, features and analyses of the industry’s most important trends. As we march into 2014, we look back at which web stories resonated most strongly with readers over the past year. [more]

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  • From left: Joseph Sitt and Domenic Recchia

    From left: Joseph Sitt and Domenic Recchia

    Thor Equities’ Joseph Sitt has ponied up funds for City Council member Domenic Recchia’s bid to win a congressional seat. Sitt made a personal donation of $5,200 – the maximum amount stipulated by campaign finance laws – to Recchia, and Sitt’s wife, Betty, donated the same amount. [more]

    1 Comment
  • 30-bond

    Joseph Sitt and 30 Bond Street

    Thor Equities is moving onward and upward from the popular domain of Soho, with its first acquisition in Noho.

    The Joseph Sitt-led firm snatched up a retail site at 30 Bond Street, between Bowery and Lafayette Street, for $3 million. The ground-floor space covers 2,200 square feet, as well as an extra 800 square feet in the basement. [more]

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  • From left: Joseph Sitt, 120 Riverside Drive and 125 Riverside Drive

    From left: Joseph Sitt, 120 Riverside Drive and 125 Riverside Drive

    Thor Equities’ residential division is in contract to purchase two Upper West Side apartment buildings for more than $80 million. [more]

    5 Comments
  • 530-Sitt

    530 Broadway and Joe Sitt

    Camping and hiking chain Eastern Mountain Sports is accusing a company controlled by investor Joe Sitt of unfairly refusing to allow it to assign a lease at 530 Broadway in Soho to an Italian fashion company. EMS is seeking at least $10 million in damages.The New Hampshire-based sport and recreation retailer filed the lawsuit Friday in New York State Supreme Court, after Sitt’s Thor Equities withheld consent to assign the lease to the women’s fashion chain Brandy Melville. [more]

    3 Comments
  • Despite the fact that New York area airports are generating huge sums, the aging facilities still need to be updated, a new report released today shows.

    Big Apple airports accounted for nearly half a million jobs in 2012 and generated $63 billion in economic activity, according to the study, from developer Joseph Sitt’s nonprofit advocacy group the Global Gateway Alliance, which looks at issues facing airports that serve New York City. [more]

    1 Comment
  • Jason Meister

    Jason Meister

    Jason Meister, a broker and vice president at commercial brokerage Avison Young, who represented both Joseph Sitt and Rubin Schron in their unsuccessful bids for the Empire State Building, compared the building’s initial public offering to Obamacare on television yesterday. See full story and video after the jump.

    4 Comments
  • Thor to launch residential division

    October 23, 2013 04:00PM
    From left: Joseph Sitt and Jonathan Fishman

    From left: Joseph Sitt and Jonathan Fishman

    Joseph Sitt is partnering with Alan Klein and Jonathan Fishman, both formerly of Stonehenge Partners, to launch Thor Equities’ new residential division.

    The division will focus on acquisitions and development of residential properties. [more]

    3 Comments
  • 562 Fifth Avenue and Joseph Sitt (inset)

    562 Fifth Avenue and Joseph Sitt

    Thor Equities’ Joseph Sitt is in contract to buy two Fifth Avenue buildings near the Diamond District for about $105 million.

    The deal will add to Sitt’s Fifth Avenue portfolio a 12-story building at 562 Fifth Avenue that sits at the northwest corner of 46th Street, and a connected seven-story building at 564 Fifth Avenue that resembles a chalet. [more]

    1 Comment
  • sitt-esb-malkin

    From left: Joseph Sitt (Credit: Brooklyn Paper), Empire State Building and Anthony Malkin

    Joseph Sitt, CEO of Midtown-based Thor Equities, is back to bidding on the Empire State Building to try to halt the iconic skyscraper from being included in a real estate investment trust, the New York Post reported. [more]

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  • Gary Barnett, Joseph Sitt and Larry Silverstein

    Gary Barnett, Joseph Sitt and Larry Silverstein

    Three of New York City’s biggest developers have been slapped with subpoenas from a state corruption panel investigating huge tax breaks that they received in a law enacted just this year, the Wall Street Journal reported. Gary Barnett’s Extell Development, Larry Silverstein’s Silverstein Properties and Joseph Sitt’s Thor Equities are being asked to turn over reams of correspondence, including years of correspondence with lobbyists and elected officials, a source who examined a subpoena from the Moreland Commission to Investigate Public Corruption told the newspaper. [more]

    3 Comments
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